Writer


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Writer

The seller of an option, usually an individual, bank, or company that issues the option and consequently has the obligation to sell the asset (if a call) or to buy the asset (if a put) on which the option is written if the option buyer exercises the option.

Option Writer

One who originally sells an option contract. In exchange for the premium, the option writer takes on an obligation to buy or sell (depending on the type of option) the underlying asset at the discretion of the option holder. For example, in a call, the option writer must sell the underlying asset to the option holder if the holder decides to exercise the option. If the option writer does not already have a long position in the underlying asset, he/she must obtain one so as to sell the position and fulfill the contract.

writer

The person who creates an option by selling an option contract in an opening transaction. An investor may be the writer of a call or a put. See also naked writer.

Writer.

In the options market, a writer is someone who sells put or call options, an activity known as writing a call or writing a put.

Unlike the buyer, or holder, of an option, who can exercise an option or let it expire, as the writer you must meet the terms of the contract if the option is exercised and assigned to you.

You collect a premium for selling the option, which may provide a profit if the option expires worthless, and you always have the right, before exercise, to buy an offsetting contract and end your obligation to buy or sell.

References in classic literature ?
At least that is what the writer thought and the thought pleased him.
22} This would be fair from Sicily, which was doing duty for Ithaca in the mind of the writer, but a North wind would have been preferable for a voyage from the real Ithaca to Pylos.
To think that the great writer Dievushkin should walk about in patched footgear
And, as the writer of the article which started this train of thought says with lovable warmth, the sailing of yachts is a fine art.
The writer grunted doubtfully, but took a stamp out of his desk, sealed the letter, handed it over to Kim, and departed.
Weitbrecht-Rotholz belongs to that school of historians which believes that human nature is not only about as bad as it can be, but a great deal worse; and certainly the reader is safer of entertainment in their hands than in those of the writers who take a malicious pleasure in representing the great figures of romance as patterns of the domestic virtues.
Saintsbury's book--a writer who has dealt with all the perturbing influences of our century in a manner as classical, as idiomatic, as easy and elegant, as Steele's:
And the other high rewards of writers, that he had read about, must be lies, too.
I don't know what you are," replied the Writer of Fables, deeply disturbed.
Now, in the words of the writer before quoted--the learned doctor himself nowhere puts it so concisely: "A man inclosed in such a closet could neither see nor be seen; neither hear nor be heard; neither feel nor be felt; neither live nor die, for both life and death are processes which can take place only where there is force, and in empty space no force could exist.
Now the foregoing means work, especially the last year of it, when I was learning my trade as a writer.
The first great English writer of the stories of Arthur was named Layamon.